Energy Lower After Mixed Inventory Report -- Energy Roundup

The U.S. Energy Information Administration reported crude inventories fell by 5.7 million barrels last week, more than the 3.2 million barrels that analysts were expecting, according to a survey by The Wall Street Journal. But some of that was driven by a sharp but temporary decrease in oil output as offshore producers shut in around Hurricane Nate, which hit the Gulf Coast earlier in October. U.S. production fell nearly 1.1 million barrels a day last week, according to the EIA.

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Vivo Energy Investments, which sells Royal Dutch Shell's fuels and lubricants under license in Africa, is seeking to raise capital in an initial-public offering that would value the company at more than $3 billion, The Wall Street Journal reported.

Meanwhile, Ascent Resources, the Appalachian oil-and-gas explorer founded by late oilman Aubrey McClendon in partnership with investment firms, is preparing for an IPO or a sale, The Wall Street Journal reported.